The Monetary Authority of Singapore eased policy as many economists expected, by reducing the slope of appreciation for the Singapore Dollar, and lowering the midpoint of the range. But how exactly is that achieved and why is it so important for a city-state like Singapore? Song Seng Wun, Economist at CIMB Private Bank, joined us on Market View to explain how the MAS conducts its move, and why a liquidity squeeze last week was so serious for global markets and economies.

<p>The Monetary Authority of Singapore eased policy as many economists expected, by reducing the slope of appreciation for the Singapore Dollar, and lowering the midpoint of the range. But how exactly is that achieved and why is it so important for a city-state like Singapore? Song Seng Wun, Economist at CIMB Private Bank, joined us on Market View to explain how the MAS conducts its move, and why a liquidity squeeze last week was so serious for global markets and economies.</p>

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